This property looks like a bad Long-Term investment with a projected -9.38% first-year return on $46,032 initial cash invested.
-9.38%
Cash On Cash
5%
Cap Rate
0.76
DSCR
$1,325
Rent
-$360
Cashflow
Cash Flow
$1,325 income − $1,685 expenses = $360 out of pocket
Investment Breakdown
|
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,032
Downpayment
20%
$43,840
Closing costs
1%
$2,192
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,325
Total Expenses
$1,685
Mortgage P&I
91%
$1,208
Property Taxes
4%
$56
Home Insurance
6%
$77
HOA
0%
$0
Property Management
10%
$132
CapEx
5%
$66
Vacancy
6%
$80
Maintenance
5%
$66
Other
0%
$0